A DC Scheme to Maximize the Benefits of the Public Sector Employees Based on Behavioral Finance
Journal: Region - Educational Research and Reviews DOI: 10.32629/rerr.v3i2.337
Abstract
This paper introduces DB and DC pension plans, reviews the literature of DC pension plans, and puts forward three application strategies: automatic registration default contribution rate and annual automatic growth contribution rate, the risk tolerance level of different employees was evaluated by questionnaire survey, and individual investment choice of employees with different risk tolerance.
Keywords
DC pension scheme; risk tolerance; contribution rate; investment
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